Kyndryl Holdings (KD) Operating Margin (2020 - 2026)
Kyndryl Holdings' (KD) quarterly Operating Margin came in at 4.04% in Q2 2026, up 513.0% on a YoY basis from 0.66% in Q2 2025, and up 708.37% quarter-over-quarter from 0.66% in Q1 2026.
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Kyndryl Holdings (KD) Operating Margin (2020 - 2026) Analysis & Trends
Kyndryl Holdings (KD) has reported Operating Margin for 7 consecutive years, with 4.04% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 513.0% year-over-year to 4.04%; the trailing twelve-month figure through Jun 2026 stood at 1.36% (up 154.0% YoY), and the FY2026 full-year result was 1.11%, down 123.0% from the prior year.
- Operating Margin improved to 4.04% in Q2 2026 per KD's latest filing, from 0.66% in the prior quarter.
- Across five years, Operating Margin topped out at 4.04% in Q2 2026 and bottomed at 9.96% in Q3 2022.
- Historically, Operating Margin has averaged 2.12% across 5 years, with a median of 1.27% in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 553 bps in 2022, then tumbled 340 bps in 2025.
- Over 5 years, Operating Margin stood at 9.96% in 2022, then surged by 79 bps to 2.11% in 2023, then surged by 187 bps to 1.84% in 2024, then sank by 184 bps to 1.55% in 2025, then surged by 360 bps to 4.04% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.04%, 0.66%, and 1.55% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn | 15.95% |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn | 10.76% |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn | 14.68% |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn | 8.09% |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn | 4.04% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.00% |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn | 17.21% |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn | -71.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.04% |
| Mar 31, 2026 | -0.66% |
| Dec 31, 2025 | -1.55% |
| Sep 30, 2025 | 3.82% |
| Jun 30, 2025 | -1.10% |
| Mar 31, 2025 | -0.18% |
| Dec 31, 2024 | 1.84% |
| Sep 30, 2024 | -1.27% |
| Jun 30, 2024 | 0.03% |
| Mar 31, 2024 | -3.51% |
| Dec 31, 2023 | -2.11% |
| Sep 30, 2023 | -6.16% |
| Jun 30, 2023 | -5.44% |
| Sep 30, 2022 | -9.96% |
| Jun 30, 2022 | -9.65% |
| Dec 31, 2021 | -13.98% |
| Sep 30, 2021 | -15.49% |
| Jun 30, 2021 | -13.24% |
| Mar 31, 2021 | -13.73% |
| Dec 31, 2020 | 3.55% |